Operational Research supposed to be a vital aspect to determine the viability of any business concern. However, this field of study does have some inherent strengths and weaknesses. These two aspects have been discussed in the presentation in the form of significance and limitations.

1. Operational Research
- Significance & Limitation
- SanjeetYadav

2. The Development… A historical Outlook
 Development in Military context during world war second
 Especially in England by British Forces
 Drawn personnel from multiple fields
 Same repealed in USA, Canada
 Evolved as a separate science & discipline
 After end of Second world war, O.R started seeking military teams
attention towards industries for solving complex managerial
problems.

3. Operational research is a
Scientific method of providing executive departments with a
quantitative basis for decisions regarding the operations under
their control.
- P.M. Morse & G.F.
Kimball

4. Significance
 A tool for scientific analysis
 Solution of various business problems
 Enables proper deployment of resources
 Minimizing waiting & servicing cost
 Enable management to decide when to buy & how much
 Assist in choosing an optimum strategy
 Great help in optimum resources
 Facilitates in decision making process
 Integrate business systems

5. Limitations
 Inherent limitation concerning mathematical expressions
 High cost involved
 O.R does not take into consideration the intangible factors
 Not complete for decision making
 Bias
 Too objective
 Competence
 Reliability

6. . Thanks . Regards .